Johor Corp’s Sukuk orders said to exceed supply three times

Johor Corp., Malaysia’s state-owned investment company, sold 3 billion ringgit ($948 million) of Islamic bonds that drew bids for more than three times the amount on offer, two people familiar with the matter said.
It issued five-, seven- and 10-year notes at yields of 25-29 basis points over the government’s non-Shariah-compliant securities, said the people, who declined to be named as the information is private. The sale attracted 11 billion ringgit in orders, they said………………………………………..Full Article: Source